SB 684: Polluters Pay Climate Superfund Act of 2025.

The bill establishes a "Polluters Pay Climate Superfund" program to require fossil fuel polluters to pay their fair share of the damage caused by greenhouse gases released into the atmosphere. The program will be administered by the California Environmental Protection Agency to relieve a portion of the burden on current and future taxpayers. The program will identify responsible parties, which are entities with a majority ownership interest in fossil fuel businesses that have emitted over 1,000,000,000 metric tons of greenhouse gases globally. The agency will conduct a climate cost study to quantify the total damage amount, including past and future climate harms and damages. Responsible parties will be required to pay their proportionate share of the total damage amount, which will be deposited into the Polluters Pay Climate Superfund. The fund will be used to support projects and prog…